The accounting and advisory firm of the future understands that traditional approaches to setting and managing price can be quite unreliable in achieving a strong return on investment. Compliance work is increasingly commoditised and price sensitive. Many firms struggle to persuade clients to pay for services that clearly add value beyond compliance.

A modern approach to price management focuses on 4 key areas:

1. Setting the price (the art and science behind defining the right price) 2. Getting the price (how to communicate and negotiate the value of service) 3. Managing the price (delivering services efficiently and appropriately) 4. Reviewing the price (providing the basis for continual improvement)

How effective is your firm at setting, getting and managing price? Are decisions made on a collaborative or ad hoc basis? Does your firm have a pricing policy?

HTST has developed a self-paced 10 part eLearning course to help accounting and advisory firms develop and implement pricing policies relevant to the needs of their clients.

The course is designed to be presented to the partners, managers and technical staff of accounting and advisory firms directly involved in setting and managing prices.

1. The psychology of smarter pricing strategies 2. The continuum of pricing options for advisory firms 3. Pricing ground rules for compliance and advisory services 4. Negotiate the fee for service with clients up front 5. Manage work to the agreed scope and fee 6. Address changes in scope of work and pricing 7. Increase fees for advisory and compliance work 8. Establish and manage fixed fee pricing approaches 9. Deal effectively with price sensitivity from clients 10. Establish internal pricing policies for success

Who should attend?

This course is suitable for any accounting or advisory firm looking to improve the way it sets, gets and manages price for compliance and advisory services.